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Brookline Bancorp (BRKL)
NASDAQ:BRKL
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -1.01%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced sentiment with positive aspects from the merger announcement and net income improvement, but also challenges in specific loan sectors and increased operating expenses.Company Guidance
During Brookline Bancorp, Inc.'s Fourth Quarter 2024 Earnings Conference Call, the company provided guidance on several key metrics. They reported a net income of $20.7 million and operating earnings per share of $0.23, with GAAP earnings reflecting a net income of $17.5 million and earnings per share of $0.20 due to $3.4 million in merger charges. Loan growth was modest at $24 million, while customer deposits increased by $116 million, contributing to a 5 basis point improvement in the net interest margin. The company plans to merge with Berkshire Hills Bancorp, forming a $24 billion institution with complementary market footprints in New England. For the upcoming year, Brookline anticipates low single-digit loan growth, mainly driven by commercial and consumer loans, with projected deposit growth of 4% to 5%. The net interest margin is expected to improve by 4 to 8 basis points in Q1 and continue to improve throughout 2025, assuming a stable interest rate environment. Noninterest income is projected to range from $6 million to $7 million per quarter, while operating expenses are managed to be $247 million or less for the year, excluding merger-related costs. The effective tax rate is expected to be 24.25%. The company also maintained a quarterly dividend of $0.135 per share, yielding approximately 4.5% annually.Merger Announcement with Berkshire Hills Bancorp
Brookline Bancorp announced a planned merger with Berkshire Hills Bancorp to create a $24 billion financial institution, expected to generate significant economies of scale and cost savings.
Net Income Growth
Core operating performance improved slightly with net income of $20.7 million and operating earnings per share of $0.23.
Increase in Customer Deposits
Customer deposits increased by $116 million during the quarter, with a focus on time deposits and money market growth.
Improved Net Interest Margin
Net interest margin improved by 5 basis points to 312 basis points for the quarter.
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BRKL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRKL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $11.92 | $12.16 | +2.01% |
| Oct 23, 2024 | $10.26 | $10.31 | +0.49% |
| Jul 24, 2024 | $9.92 | $10.05 | +1.31% |
| Apr 24, 2024 | $9.06 | $8.00 | -11.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brookline Bancorp (BRKL) report earnings?
Brookline Bancorp (BRKL) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Brookline Bancorp (BRKL) earnings time?
Brookline Bancorp (BRKL) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRKL EPS forecast?
BRKL EPS forecast for the fiscal quarter 2025 (Q1) is 0.22.
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